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A. Schmitz, C. B. Moss, T. G. Schmitz, H. W. Furtan, and H. C. Schmitz, “Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour,” 2nd Edition, University of Toronto Press, Toronto, 2010.

has been cited by the following article:

• TITLE: Production Decoupling under US Farm Programs

  AUTHORS: Charles B. Moss, Andrew Schmitz, Troy G. Schmitz

  KEYWORDS: Decoupling; Loan Rate; Price Suppression; Target Price

  JOURNAL NAME: Natural Resources, Vol.5 No.1, January 26, 2014

  ABSTRACT: The loan rate and target price are key ingredients in US farm policy. Empirical models of the effect of US agricultural policy are based on different degrees of decoupling between price supports and production. Theoretically, rational producers will make decisions based on the loan rate rather than the target price. Therefore, models which are estimated based on a target price specification could significantly overestimate the distortionary impact of policy on resource use and production.